Principal Financial Group (PFG): financials, SEC filings and peers
Principal Financial Group (PFG) is a life & health insurance company in the Financials sector of the S&P 500, headquartered in Des Moines, Iowa.
It was founded in 1879 and joined the S&P 500 on July 22, 2002.
Its fiscal year ends in December, and its shares trade on the Nasdaq.
In its SEC filings it is classified as “Accident & Health Insurance”.
Principal Financial Group at a glance
- Revenue (12 months)
- $15.5B
- Revenue growth
- -2.0%
- Operating margin
- —
- Net income (12 months)
- $1.6B
- Free cash flow (12 months)
- —
- Cash
- $4.1B
- Debt
- $3.9B
- Diluted EPS (12 months)
- $6.97
Twelve months to March 31, 2026, from the 10-Q filed April 29, 2026.
Latest twelve months
Over the twelve months to March 31, 2026, Principal Financial Group reported revenue of $15.5 billion, about the same as a year earlier (-2.0%).
Net income was $1.6 billion (10.1% of revenue), 43.7% higher than a year earlier.
At the end of the period it held $4.1 billion in cash and $3.9 billion in debt, a net cash position of $108 million.
The diluted share count fell 3.7% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $14.7 billion in fiscal 2020 to $15.6 billion in fiscal 2025, about 1.2% a year.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $14.4B | $17.5B | $13.7B | $16.1B | $15.6B |
| Revenue growth | -2.1% | 21.5% | -22.1% | 18.0% | -3.1% |
| Operating margin | — | — | — | — | — |
| Net income | $1.6B | $4.8B | $623M | $1.6B | $1.2B |
| Free cash flow | — | — | — | — | — |
| Diluted EPS | $5.79 | $18.63 | $2.55 | $6.68 | $5.25 |
Fiscal years as reported in Principal Financial Group’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 10, 2026 — Material agreement; New debt obligation
- 10-Q filed July 29, 2026 — quarterly report
- 8-K filed July 27, 2026 — Earnings results
- 8-K filed July 20, 2026 — Regulation FD disclosure
- 8-K filed June 1, 2026 — Material agreement; New debt obligation
- 8-K filed May 20, 2026 — Shareholder vote results
- 10-Q filed April 29, 2026 — quarterly report
- 8-K filed April 23, 2026 — Earnings results
Companies like Principal Financial Group
Other S&P 500 companies in Life & Health Insurance:
- AFLAflacColumbus, Georgia
- GLGlobe LifeMcKinney, Texas
- METMetLifeNew York City, New York
- PRUPrudential FinancialNewark, New Jersey
More from Financials
Questions about Principal Financial Group
Is Principal Financial Group's revenue growing?
No. Revenue for the twelve months to March 31, 2026 was $15.5 billion, down 2.0% from a year earlier, according to its SEC filings.
Is Principal Financial Group profitable?
Yes. It earned $1.6 billion in net income over the twelve months to March 31, 2026, a net margin of 10.1%.
Does Principal Financial Group have more cash or more debt?
At March 31, 2026 it had $4.1 billion in cash and $3.9 billion in debt, so more cash than debt.
When did Principal Financial Group last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 29, 2026.
Which companies are similar to Principal Financial Group?
In the S&P 500, Principal Financial Group is grouped in Life & Health Insurance within the Financials sector. Aflac (AFL), Globe Life (GL), MetLife (MET), Prudential Financial (PRU) are in the same group.
Understand the numbers
Source: Principal Financial Group’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.